Conversion of personal asset into stock

Sandesh Araballi (Student) (25 Points)

12 June 2017

What is the treatment and effect on converting personal asset into stock.... reply me... urgent

Reply
Follow
Share

2 Replies

(Guest)

If it is a capital asset, then capital gains would be calculated and cost of stock to the business will be fair market value.

Read section 45 of Income tax for more info.

rajiv mishra (businessman) (45 Points)
Replied 15 June 2017

Sec 45(2) of the Income tax Act,1961 deals with the transfer of Capital Assets into Stock in trade. This section is an exception to the sec 45(1)

for information in detail visit:

https://profsindia.com/forum/topic/tranfer-of-assets-to-other/#post-5890

Start a New Discussion

view all classess

Forum Home